felixmizioznikov/iStock Editorial via Getty Images Last March, I placed a "Sell" rating on Home Depot (NYSE:HD), arguing the stock was overvalued and that the repair and remodel market would start to slow while the company faced pressures from wage inflation and lumber deflation. The stock, however, has been a strong performer, up over 32% versus 28% for the S&P. More recently in September, I noted that remodeling activity was expected to start to decline in 2024, which could hurt the stock. Company Pro ...

Home Depot (HD) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this home-improvement retailer have returned +4.5% over the past month versus the Zacks S&P 500 composite's +3.8% change. The Zacks Building Products - Retail industry, to which Home Depot belongs, has gained 6.1% over this period. Now the key question is: Where could the stock be headed in t ...

Joe Raedle The Home Depot, Inc. (NYSE:HD) is an Atlanta based home improvement retailer, selling various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. We initiated coverage on Home Depot back in August 2022 with an initial neutral rating, which we later in 2022 downgraded to a “sell”, due to the strong macroeconomic headwinds, created by the poor consumer confidence, elevated inflation leve ...

Home Depot (HD 0.17%) just gave investors a slew of updates about its business momentum heading into 2024. The home improvement retailer's fourth-quarter report contained more than just a look back at the previous three months, too. Management also outlined its official 2024 outlook, including details on its operating results and its capital return plans.The report was mostly positive, although there were some yellow flags for investors to take note of if they're considering buying this stock. Let's take a ...

Home Depot (HD 1.98%) just reported its fiscal 2023's fourth-quarter results, and they were a mixed bag. For the period ended Jan. 28, revenue totaled $34.8 billion, down 2.9% year over year. This missed analysts' expectations by $150 million. While diluted earnings per share of $2.82 also declined, this figure beat estimates.This top retail stock has soared 18% in the last three months amid a strong market backdrop. But it remains 13% off its peak price. There's an opportunity here for prospective investor ...

I like tracking Home Depot (NYSE:HD) stock given just how important housing is to the broader economy (and I like that they sell lumber!). That’s why its fourth-quarter earnings report is particularly interesting.Home Depot reported a decline in same-store sales of 3.5% in the fourth quarter of 2023, with a notable 4% decrease observed within the U.S. market specifically. Yet, housing seems to remain strong. I say “seems” purposely here, because the decline in Home Depot’s sales does seem to suggest there’s ...

The Dow Jones Industrial Average is underperforming the S&P 500 and Nasdaq Composite year to date. But there are 10 dividend-paying Dow components that reached new all-time intraday and closing highs within the last month.Of the 10, The Home Depot (HD 0.06%) and Microsoft (MSFT -0.31%) stand out as the best dividend stocks to buy now. Here's why. New heightsInvestor optimism and growing earnings helped the following 10 Dow components reach new all-time highs in recent weeks.CompanyIntraday High DateIntraday ...

Key PointsHome Depot had a sluggish quarter and gave weak guidance, setting it up for a correction. A move below critical support targets would put the stock back within a trading range that has dominated conditions for two years. Capital returns are reliable. The dividend increased, but share repurchases may slow in 2024. 5 stocks we like better than Home DepotInvestors hoping to see Home Depot’s NYSE: HD stock price move higher in 2024 may have to wait until later for it to happen. As bullish as the recen ...

The Home Depot (HD 0.06%) hit an intraday and all-time high on Feb. 12 before pulling back with the rest of the market after a hotter-than-expected inflation print the following day.Home Depot is one of the most well-known brands in home improvement. It's also an incredibly valuable dividend stock, with a market cap of $355.9 billion. -- making it the third-highest weighted component of the consumer discretionary sector.Let's find out why such a well-known, massive company is still underrated after hitting ...

Home Depot Inc. (HD) has reported solid fourth-quarter fiscal 2023 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. Meanwhile, the company’s sales and earnings per share declined year over year in the fourth quarter and fiscal 2023.HD noted that fiscal 2023 was a year of moderation. Nonetheless, the company is confident about its initiatives to strengthen the business. It has been on track with its investments to craft the best interconnected experience for customers, improv ...